5 Best Stocks to Buy and Hold for 3 Years

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In this article, we will take a look at the 5 best stocks to buy and hold for 3 years. To see more such companies, go directly to 15 Best Stocks to Buy and Hold for 3 Years.

5. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79

Exxon Mobil Corporation (NYSE:XOM) ranks 5th in our list of the best stocks to buy and hold for the next 3 years. Morgan Stanley, which has a $114 price target on Exxon Mobil Corporation (NYSE:XOM), believes that the stock would benefit from strong prices in the oil and gas sector. Morgan Stanley also likes Exxon Mobil Corporation (NYSE:XOM)’s proactive decarbonization strategy which it believes should “de-risk” the company’s longer term cash flows and “mitigate terminal value uncertainty.”

Exxon Mobil Corporation (NYSE:XOM) is also one of the best oil stocks to buy according to elite hedge funds. Insider Monkey’s proprietary database of 943 hedge funds shows that 79 hedge funds tracked by Insider Monkey had stakes in Exxon Mobil Corporation (NYSE:XOM). The biggest hedge fund stakeholder of the company is Rajiv Jain’s GQG Partners which owns a $3.6 billion stake.

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